Surge in Demand for Poultry Feed Drives Global Choline Chloride Market
According to our latest study on “Choline Chloride Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by End-Use Industry [Feed Industry (Animal Feed and Aqua Feed), Human Nutrition, Oil & Gas Industry, and Others],” the market is projected to reach US$ 1,114.62 million by 2028 from US$ 793.80 million in 2022. It is expected to grow at a CAGR of 5.0% during 2022–2028. The report highlights key factors fueling the market growth and prominent players along with their key developments in the market.
Choline in the human body is required to synthesize sphingomyelin and phosphatidylcholine, the two significant phospholipid components in the cell membrane. Choline plays a major role in the production of acetylcholine in the human body, which is an essential neurotransmitter for muscle control, mood, memory, and nervous and brain functioning. The inclusion of choline chloride in human nutrition is also necessary as it plays a vital role in cell membrane signaling, gene expression modulation, early brain development, and lipid transport and metabolism. Thus, rising awareness regarding the importance of choline in human nutrition has bolstered the growth of the choline chloride market.
Choline Chloride Market Size, by Region, 2022–2028
Choline Chloride Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By End-Use Industry [Feed Industry (Animal Feed and Aqua Feed), Human Nutrition, Oil & Gas Industry, and Others], and Geography (North America, Europe, Asia Pacific, and South and Central America)
Choline Chloride Market Key Players Analysis 2031
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Choline chloride is an important feed additive primarily used in poultry feed. Choline chloride, i.e., 2-hydroxyethyl-trimethyl ammonium hydroxide, is a rich source of vitamin B4 that has recently been claimed as a performance promoter in poultry. Choline in poultry feed helps prevent conditions such as liver enlargement and perosis. Most significantly, the compound acts as a lipotropic agent that helps avoid the abnormal fatty infiltration in the liver and ensures proper metabolism of the body. It has been reported that young chicken requires choline-rich diet due to their inability to synthesize it at a moderate rate, and females are less susceptible to choline deficiency. The egg contains ~12–13 mg choline per gram dried whole egg mass. Thus, the rising demand for poultry across the world drives the choline chloride market growth. The increasing incorporation of choline chloride in animal feed and the rising awareness regarding the functional properties of choline have also favored the market growth.
Algry Química, S.L; Balaji Amines Ltd.; Balchem Corporation; BASF SE; Be-Long Corporation; Eastman Chemical Company; GHW Eurochemicals S.R.O.; Jubilant Life Sciences Limited; Jubilant Life Sciences Limited; and Pestell Minerals & Ingredients Inc. are among the key players in the choline chloride market.
Impact of COVID-19 Pandemic on Choline Chloride Market
The COVID-19 pandemic adversely impacted the global economy and slowed down the growth of various industries. The shutdown of multiple manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa disrupted the global supply chain and negatively impacted manufacturing processes, delivery schedules, and choline chloride sales. Further, various companies announced possible delays in product deliveries and slump in their product sales. In addition, the global travel bans imposed by countries in Europe, Asia Pacific, and North America adversely affected business collaborations and partnership opportunities. All these factors hindered the chemicals & materials industry, which restrained the growth of various markets related to this industry during the pandemic. The pandemic has directly affected production and demand, led to supply chain and market disruption, and subsequently impacted the financial status of the organizations and the global economy. Similarly, the choline chloride market has been negatively affected by the pandemic, owing to disruption in chemical production and processes across the world.
The "Global Choline Chloride Market Forecast to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the choline chloride market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented on the basis of end-use industry. Based on end-use industry, the market is segmented into feed industry, human nutrition, oil & gas industry, and others.
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